Penrith. Car firm indebted $48.8m to Esanda

Car dealer, Nadeem Khan, whose Western Sydney Automotive and Nepean Auto Group is endebted to Esanda for $48.4 million, has been summoned to appear at public examination on February 26, by Nepean’s liquidators, PPB. Earlier Grant Thornton called for expressions of interest for the purchase of the group’s business and assets, which have a total turnover in excess of $114 million. The group has a multi-franchise dealership, with revenues of approximately $86 million, on a freehold site in Penrith, and a leasehold site, with revenues of approximately $28 million, at McGraths Hill. The business and assets are offered for sale jointly or separately. EOIs closed on January 16.